8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

February 28, 2014

ALEXANDER’S, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware	No. 001-06064	No. 51-0100517
(State or Other	(Commission	(IRS Employer
Jurisdiction of	File Number)	Identification No.)
Incorporation)

210 Route 4 East Paramus, New Jersey	07652
(Address of Principal Executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (201) 587-8541

Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions (see General Instructions A.2.):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 2.03          Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On February 28, 2014, Alexander’s, Inc. (the “Company”) completed a $300 million refinancing of the office portion of 731 Lexington Avenue.  The interest-only loan is at LIBOR plus 0.95%, currently 1.10%, and matures in March 2017, with four one-year extension options.  The proceeds of the new loan were used to repay the existing $312 million 5.33% fixed-rate loan and closing costs. 

On March 3, 2014, the Company issued a press release describing the transaction.  A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein into this Item 2.03.

Item 9.01.Financial Statements and Exhibits.

(d)        Exhibits.

99.1      Press Release, dated March 3, 2014.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ALEXANDER’S, INC.
(Registrant)
	By:	/s/ Joseph Macnow
	Name:	Joseph Macnow
	Title:	Executive Vice President and
		Chief Financial Officer

Date: March 5, 2014

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EXHIBIT INDEX

99.1        Press Release, dated March 3, 2014.

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EX-99

		EXHIBIT 99.1
CONTACT:	STEPHEN THERIOT
	(201) 587-8541

 

210 Route 4 East

Paramus, NJ 07652

FOR IMMEDIATE RELEASE – March 3, 2014

Alexander’s Completes $300 Million Refinancing of

731 Lexington Avenue Office Space

PARAMUS, NEW JERSEY...ALEXANDER’S, INC. (NYSE:  ALX) announced today that it has completed a $300 million refinancing of the office portion of 731 Lexington Avenue.  The interest-only loan is at LIBOR plus 0.95%, currently 1.10%, and matures in March 2017, with four one-year extension options.  The proceeds of the new loan were used to repay the existing $312 million 5.33% fixed-rate loan and closing costs.

Alexander’s, Inc. is a real estate investment trust that has six properties in the greater New York City metropolitanarea. 

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2013.  Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.